After the inflation outlook softened late last year, the leveraged finance market began to bounce back at the start of 2023, giving the German bank’s DCM team the opportunity to apply its expertise.     

The first quarter of the year saw a burst of enthusiasm for sovereign, supranational and agency bond issuance, with the bank’s team experiencing one of the busiest Januaries for some time. 

The sustainability-linked bond provides a way for Uruguay to highlight its commitment to the Paris Agreement by introducing financial consequences for missing its sustainability targets.

The bank believes a perfect storm is building for convertible bond issuance in the year ahead. 

A cross-bank effort demonstrated the clear potential for bond tokenisation to make a big impact in project finance and other types of bond issuance, including for smaller issuers who may struggle to access the markets. 

The bank’s global head of DCM believes the markets are becoming more resilient but being able to act quickly on positive issuance windows remains paramount. 

The team, which has performed well despite the backdrop, puts its success down to having difficult conversations with clients about the realities of the current markets. Edward Russell-Walling reports.

The bank continues its long heritage of delivering innovative equity derivative-related products and those for sustainable finance.

In contrast to the US and Europe, where IPO volumes have slumped, the Middle East is enjoying a bumper period, with HSBC playing a key role.

Credit Suisse was sole structurer on the Wildlife Conservation Bond, which will support black rhino conservation efforts.